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JUL 1 2009
Doing our best to protect the environment isn’t something new to PotashCorp or the fertilizer industry as a whole, but making sure that people are aware of our efforts is relatively new.The fertilizer industry is now promoting a 4R Nutrient Stewardship Program that helps define fertilizer management practices a farmer should use in his or her fertility program. Farmers should apply the correct nutrient sources in the amount needed, at the appropriate time and in the proper place: right product, right rate, right time, right place (4Rs). And they should let their communities know what they’re doing.The Fertilizer Institute (TFI) and the Canadian Fertilizer Institute (CFI) are championing Best Management Practices and the 4R system. As an industry leader and the world’s largest fertilizer producer by capacity, PotashCorp wants its entire ag retailer customer base to be particularly aware of this program.The 4R system is based on the concept of matching nutrient supply with crop requirements while minimizing nutrient losses into the environment."It is crucial for our industry that the 4Rs not just become buzzwords, but instead, they become the basis for site-specific practices and decisions that improve the environmental, social and economic performance of our products," says TFI President Ford West.TFI and CFI are sponsoring a five-part series on the 4Rs, which is being published in the American Society of Agronomy’s (ASA) Crops & Soils magazine. The articles are coauthored by the International Plant Nutrition Institute (IPNI) and are intended to provide an in-depth look at the economic, environmental and social benefits derived as a result of implementing the 4R Nutrient Stewardship Program. To access the articles in the series, go to www.tfi.org.It is a worthwhile and important investment for our industry.
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JUN 25 2009
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced revised earnings guidance for second-quarter 2009, shifting from our initial target of $1.10-$1.50 per share1 to our current expectation of approximately $0.70 per share. The change reflects substantially lower than forecasted potash sales volumes due to deferral of purchases by customers around the world and lower realized prices for phosphate fertilizers. Any necessary revisions to annual guidance will be addressed in our second-quarter news release.
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JUN 19 2009
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced a donation of $500,000 to help fund a community Wellness Centre in one of Saskatoon's core neighbourhoods.
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JUN 18 2009
As part of its ongoing investor relations program, PotashCorp provides regular updates on current conditions in its industry and markets.
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JUN 16 2009
The employees of Marseilles division achieved 6 years without a lost time accident on June 16, 2009.
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JUN 12 2009
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today released its 2008 Sustainability Report, updating the company's social, economic and environmental performance. The report, "More per acre... the sustainable solution", seeks to focus attention on the long-term issue of global food production, which has been overshadowed by current economic conditions.
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JUN 9 2009
PotashCorp's President and CEO Bill Doyle provides an overview of the state of the industry, an update of PotashCorp's activities and current market conditions from Toronto, ON.
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JUN 3 2009
Saskatoon, SK — PotashCorp returns to the Saskatchewan Children's Festival with the ever popular PotashCorp Fossil Find attraction from June 3-6, 2009.
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JUN 1 2009
The PCS Model Farm and Agricultural Resource Centre is a small-scale, educational farm near the company’s Trinidad nitrogen operation. The demonstration farm is meant to help teach Trinidadian farmers and young people about the latest agricultural techniques. The Model Farm, created with funding from PotashCorp, encompasses 75 acres of land leased from the Government of Trinidad and Tobago, and will be used to help the country increase its agricultural productivity. When fully operational, it will include: six greenhouses for cultivation of various crops; four acres of demonstration plots for introducing new technologies and management techniques to farmers; an Agricultural Resource Centre for training small farmers; and 50 acres of cultivated land for growing a broad range of agricultural products.Steven Dowdle, PotashCorp Senior Vice President of Fertilizer Sales, told the gathering PotashCorp’s decision to fund the project grew out of a 2006 community survey giving the company overall high marks for corporate citizenship but raising a question on whether PotashCorp might take a greater leadership role, particularly in the area of agriculture. He said PotashCorp took that question seriously.“We are eager to share our understanding of high-yield, sustainable agricultural practices with the people of Trinidad and Tobago, who have graciously hosted our business operation for many years,’’ said Dowdle. “In implementing the Model Farm project, we wish to ensure that your community can benefit from the expertise and technology that is part of contemporary international agri-business.’’Senator The Honourable Arnold A. Piggott, Trinidad and Tobago Minister of Agriculture, thanked PCS Nitrogen Trinidad and PotashCorp for their help in creating the new facility.“This Model Farm and Training Facility represents a valuable contribution by PCS Nitrogen to the people of Trinidad and Tobago in support of the government’s policy for increasing domestic agricultural production for food and nutrition security,’’ Piggott said during the ceremony, broadcast on two radio stations.The Model Farm aims to teach farmers, students and the public how advanced farming techniques and the responsible use of fertilizer can produce more and healthier crops. An example of PotashCorp’s sustainability initiatives, it will focus on techniques that can boost crop yields, strengthen the nation's agricultural practices, help develop self-sufficiency in food production and stimulate job creation.
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JUN 1 2009
Improving the socio-economic well-being of a community sometimes requires extreme measures.PotashCorp employees in Lima, OH illustrated this point in October 2008 when they helped improve the working conditions of some people on the front lines of philanthropy by answering the call of the United Way of Greater Lima.The challenge was for 10 businesses to outdo one another in an Extreme Community Makeover Contest. Each company was paired with a United Way partner agency with the goal of making the agency's office a nicer place to work.The volunteers weren't allowed to spend more than $500, and they had six weeks to finish the work. But there was no limit on how many hours they could volunteer – or how much passion they could put into the job.The PotashCorp volunteers were assigned to an old building in downtown Lima, where they found a dark, somewhat dingy workspace with water-stained ceiling tiles. Clearly, the office of the Big Brothers and Big Sisters of Allen County had seen better days.Like many charitable organizations, Big Brothers/Big Sisters puts most of its budget into the community. The organization helps children reach their potential through mentoring programs with adults. That doesn't leave much money for office decor."Many children can be served in Allen County, OH for the price of a coat of paint," says Kendra Bermosk, school-based specialist for Big Brothers/Big Sisters."Working in those conditions has to wear you down, though," says Danielle Good, PotashCorp Human Resources Manager. "When we walked in there, we couldn't help thinking, 'Could you imagine working here day in, day out?' We knew we could improve the space.""It felt nice to help out people who spend their days helping out the community," she adds. "It's an issue of caring for the caregivers – the people who often work so hard that they don't care for themselves as much as they should."More than a dozen volunteers pitched in to pull off wallpaper, paint and replace ceiling tiles at the Big Brothers/Big Sisters office. They even did some demolition."We had a room where a wall was blocking one of the few windows in the entire office," Bermosk said. "They knocked down the wall to open up space and let the light in. They didn't have to go to those extremes, but they did."PotashCorp gave its employees paid time off to work on the United Way project, but many also came in on a Saturday to get the job done."A lot of people brought their family members in to help, too," Good says. "It was so rewarding to get in and help. We had fun getting to know each other, both PotashCorp employees learning more about each other and all of us getting to know the Big Brothers and Big Sisters employees.""It was actually kind of sad when they had to leave," says Bermosk, who joined the PotashCorp volunteers in the Saturday afternoon work. "For those few weeks we'd made a nice connection. We got to talk to them about how we help children in the community, and we got to know a little of what PotashCorp does."The makeover was a real morale booster. It's a much nicer place to come to work."PotashCorp was awarded a "Golden Hammer" award in the United Way's Extreme Community Makeover Contest as a testament to the hard work put into remodeling the Big Brothers/Big Sisters office.Employees of PCS Nitrogen Lima received two awards for their 2008 contributions to the United Way of Greater Lima.For a combined corporate and employee gift of more than $400 per employee, the facility received the Award of Excellence, Platinum Level – one of only three companies in the region to receive this honor.Lima employees also received the Frontrunner Award, for improving their contribution rate by more than 25 per cent (or more than $100 per employee) over the prior year.